/24-7PressRelease/ - SAN JOSE, CA, August 21, 2008 - Selectica (NASDAQ: SLTC), a leading provider of enterprise contract lifecycle management (CLM) solutions (http://www.selectica.com/ContractManagement/Overview/tabid/556/Default.aspx), today announced that its Contract Performance Management (CPM) 3.2 software platform has been named a leader in the Forrester Wave : Contract Life-Cycle Management, Q3 2008 (No Link) (August 2008) report issued by Forrester Research. The latest Wave report moves Selectica into the top tier of contract lifecycle management solution providers.
As a leader in the CLM market, Selectica earned the top scores for contract fulfillment tracking (http://www.selectica.com/ContractManagement/Features/tabid/559/Default.aspx). Selectica also received a top score for revenue growth, The report also stated that "Selectica's position as a Leader is largely due to investments made in improving the product's features and functions."
"The Forrester Wave is the most in-depth complete analytical approach to differentiating CLM vendors," said Jason Stern, Vice President of Products and Business Development for Selectica. "We are pleased to have been named a Leader in this latest report. We are committed to providing our customers with a robust contract management platform that can adapt to their business needs."
Selectica was one of five vendors noted for having "a high proportion of advanced features and functions in their CLM offerings, such as multiple ways to create contracts, granular controls on how contracts can be changed, sophisticated repository search and reporting tools, and proven ability to handle all types of contracts effectively."
Selectica has been continuing to improve its robust functionality to meet these evolving needs for customers. Selectica's CPM was developed from the ground up to be adaptable to the dynamic demands of contract management across the enterprise. At the same time, it offers comprehensive functionality out-of-the-box, without special programming, and can be readily adapted to handle virtually any type of contract. Selectica currently has customers using CPM to manage over 30 contract types and for industries such as healthcare, life sciences, high tech, oil and gas, aerospace & defense, higher education and many more (http://www.selectica.com/ContractManagement/Industries/tabid/563/Default.aspx), as well as organizational areas such as procurement, sales, revenue, IT, employment, leasing, intellectual property, and much more.
About Selectica, Inc.
Selectica (http://www.selectica.com/Default.aspx)(NasdaqGM:SLTC - News) provides its customers with software solutions that automate the complexities of enterprise contract management (http://www.selectica.com/ContractManagement/Overview/tabid/556/Default.aspx) and sales configuration lifecycles (http://www.selectica.com/SalesConfigurationSoftwareSolutions/Overview/tabid/498/Default.aspx). The company's high-performance solutions underlie and unify critical business functions including sourcing, procurement, governance, sales and revenue recognition. Selectica has been providing innovative, enterprise-class solutions for the world's largest companies for over 10 years and has generated substantial savings for its customers (http://www.selectica.com/Customers/tabid/76/Default.aspx). Selectica customers represent leaders in manufacturing, technology, retail, healthcare and telecommunications, including: ABB, Ace Hardware, Bell Canada, Cisco, Covad Communications, General Electric, Hitachi, Juniper Networks, Levi Strauss & Co., Rockwell Automation, Tellabs, and 7-Eleven. Selectica is headquartered in San Jose, CA. For more information, visit the company's Web site at http://www.selectica.com.
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Investor Contact:
Scott Wilson, 415-785-7945, ir@selectica.com
Media Contact:
Tom Woolf, 415-259-5638, pr@selectica.com
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